ClariVest Asset Management LLC Takes Position in BrightSpring Health Services, Inc. (NASDAQ:BTSG)

ClariVest Asset Management LLC purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 151,857 shares of the company’s stock, valued at approximately $1,725,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $55,000. Ameritas Investment Partners Inc. bought a new stake in BrightSpring Health Services in the first quarter valued at $58,000. California State Teachers Retirement System acquired a new position in BrightSpring Health Services during the first quarter worth $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BrightSpring Health Services during the second quarter valued at $126,000. Finally, Rhumbline Advisers boosted its stake in shares of BrightSpring Health Services by 20.4% in the 2nd quarter. Rhumbline Advisers now owns 73,643 shares of the company’s stock valued at $837,000 after purchasing an additional 12,479 shares in the last quarter.

Wall Street Analyst Weigh In

BTSG has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 target price for the company. The Goldman Sachs Group cut their target price on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $15.32.

BrightSpring Health Services Trading Down 0.4 %

BTSG stock opened at $13.52 on Thursday. The company has a 50 day moving average price of $11.99 and a 200 day moving average price of $11.02. BrightSpring Health Services, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.68. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities research analysts anticipate that BrightSpring Health Services, Inc. will post 0.57 earnings per share for the current fiscal year.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.